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IMF approves 10-month staff-monitored program for Zimbabwe
17 Apr 2026 at 08:06hrs |
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The International Monetary Fund said on Thursday it has approved a 10-month Staff-Monitored Program for Zimbabwe focusing on maintaining recent stabilisation gains and improving macroeconomic management.
The lender cut its 2026 growth forecast for the African continent to 4.3% in its global outlook on Tuesday, warning that energy importers without a strong resource buffer would come under particular strain.
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the Fund, the IMF said earlier in the day.
The economic fallout from the Middle East war and a collapse in foreign aid are pushing more African countries to the Fund, the IMF said earlier in the day.
Source - Reuters
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